Property Valuation
In Wisconsin, a condominium unit is appraised based on its:
APro-rata share of the building's total value
BIndividual unit characteristics plus common element amenities, compared to similar condo sales✓ Correct
CLand value only
DReplacement cost of the entire building divided by number of units
Explanation
Condominium units are appraised based on the individual unit's characteristics and amenities, compared to sales of similar condo units in the market.
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